Hi D365 F&O Gurus:
I have a project which implemented Phase 1- Purchase Order, Inventory, Sales Order and Fixed Assets module first. After 6 months, Phase 2- Financial (AR, AP, GL, Bank, Budget Control) will be implemented next. I would like to get some ideas and best practices on how to approach Phase 2 implementation, having in mind those transactions resulting to PO Receipt, Sales Delivery, Inventory Movement, Fixed Asset Depreciation/Disposal were creating financial entries as a result of stock movement and fixed asset entries. What is the ideal approach come Phase 2 implementation.
These are just my thoughts:
a. Should I advise to post all financial entries generated from start of Phase 1 and CATCH-UP on posting invoices (AR & AP), receipts, payments from the start and recording all GL & month-end adjustments and perform closing procedures until all past transactions were recorded and validated? Though this option will take a lot of effort & time.
b. Should I advise to start with a clean environment declaring a stock opening balance for all inventory items, fixed asset net book values, GL balances as of given cut-off date???
Appreciate receiving your thoughts on this. Please advise what is the best practice given this scenario.
Thank you
